NZDUSD: Short before NFP
There is a strong downtrend in this pair, and I consider it highly probable to see a new move down, completing the 1.618 extension of the last swing, which also matches an AB=CD proportion from the first swing down to the mode of the downtrend (most frequent price or accepted 'fair' value, based on Tim West's approach).
The signal is clear so I will set my orders the following way:
-Sell stop order under the previous daily low
-3 Limit sells at 0.751, 0.752 and 0.753 in order to capture the retracement high if any.
-Order size is picked based on having a 2.5% loss if all stops get triggered.
Good luck!
The signal is clear so I will set my orders the following way:
-Sell stop order under the previous daily low
-3 Limit sells at 0.751, 0.752 and 0.753 in order to capture the retracement high if any.
-Order size is picked based on having a 2.5% loss if all stops get triggered.
Good luck!
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.